Terna Rete Elettrica Adr (TEZNY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to TELNA 9-month 2025 Consolidated Results presentation. At this time, all participants are in listen-only mode. Please be advised that today's conference is being recorded. I would like to hand the conference over to our host speaker today, Mr. Stefano Gamberini, Head of Investor Relations. Please go ahead, sir. Thank you very much. Good afternoon everyone and welcome to the presentation of Terna's 9-month results 2025. This call will be hosted by our CFO Francesco Beccali. Following the presentation, there will be the Q&A session, so we kindly ask you to send your question to our email address investor.relations at terna.it. Thank you Stefano and good afternoon everyone. Before looking at the fears, I'd like to take a moment to highlight some of our most recent achievements. Let's start with grid development, where we have made significant progress across multiple fronts in the past few months. Starting with the Tyrannian Link, one of the flagship projects in our 2024-2028 industrial plan. Let me remind you that before the summer we completed the laying of the first submarine cables of the Eastern Section and on September 16th, Terna and Nexan began the first installation phase of the Western Section, connecting Sicily and Sardinia. Once completed, it will set a world record for the deepest high-voltage subsea cable installation, reaching 2150 meters below sea level. This project will also represent a significant step towards Italy's decarbonization target. On October 21, The Ministry of Environment and Energy Security formally launched the authorization process for the Central Link project, which plans to rebuild the 220 kW backbone between Umbria and Tuscany, a crucial step to enhance transmission capacity, grid r...